BUYING

GET PRE QUALIFIED

Go online and obtain a copy of your credit report. It’s free and it will tell you what you need to fix if there are any problems that will prevent you from obtaining a mortgage. Usually a score of around 620 is necessary these days although it won’t keep you from getting a mortgage you may pay a slightly higher rate as it would be considered a slightly higher risk for the lender.

It is a good idea to start the process several months in advance of buying.

Evaluate Your Budget. You may not owe too much money and your payments are current, but how do you spend your money? Do you have sufficient funds left over every month or are you living month to month? You should have a solid idea of what is owed and your projected income.

Mortgage lenders will request two recent pay stubs, the previous two years’ W-2s, tax returns and the past two months of bank statements as you received them, blank pages and all.

If you are currently renting you will likely need cancelled checks and/or receipts for rent paid to your landlord.

Use our Gold Services Program to get your affairs in order in order to make the process as quick and smooth as possible.

Owning Real Estate is Key to Building Wealth

A goal without a plan is just a wish.